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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (22545)3/29/2000 9:04:00 AM
From: dennis michael patterson  Read Replies (1) of 42787
 
Cramer back in Qcom:

Sometimes the church of
what's happening now puts
you in the wrong pew. We
got spooked out of
Qualcomm
(QCOM:Nasdaq - news - boards) on that downbeat last
quarter, and we were wrong. This actually very
nonpromotional company vs. its accomplishments told
the straight-out story, and we panicked.

Now we have to go back in as the conclusion of this
Motorola (MOT:NYSE - news - boards) dispute
spotlights still one more giant revenue stream for
Qualcomm's intellectual property.

One of the things that I have had to
make peace with is how wrong we can
be short term in order to avoid what can
be a serious loss. In the real-life hedge
fund world -- as opposed to the
sanitized, storybook, no-mistakes
version you see every day on TV -- we
bolt from things too soon quite often. Most of the time, it
doesn't bite us back. With Qualcomm, it has bitten us
several times.

We have a momentary pang of regret coupled with a
pout after we hit up the chart and see the uptrend done
without us, and then it's right back on the horse.

We're getting back on the Qualcomm horse. And we
aren't looking back
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